Piper Sandler Boosts Estée Lauder Companies (NYSE:EL) Price Target to $122.00

Estée Lauder Companies (NYSE:EL) had its target price upped by Piper Sandler from $114.00 to $122.00 in a report released on Monday, Benzinga reports. The firm currently has an overweight rating on the stock.

EL has been the topic of a number of other research reports. Telsey Advisory Group restated a market perform rating and set a $115.00 target price on shares of Estée Lauder Companies in a research note on Monday, August 19th. Stifel Nicolaus lowered their price objective on Estée Lauder Companies from $165.00 to $125.00 and set a buy rating on the stock in a research report on Tuesday, August 20th. The Goldman Sachs Group cut their target price on Estée Lauder Companies from $115.00 to $100.00 and set a neutral rating for the company in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft lowered their price target on Estée Lauder Companies from $108.00 to $105.00 and set a hold rating on the stock in a report on Tuesday, August 20th. Finally, StockNews.com lowered shares of Estée Lauder Companies from a buy rating to a hold rating in a report on Friday, September 20th. Fourteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $120.64.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $97.12 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39. The stock has a 50-day simple moving average of $92.23 and a two-hundred day simple moving average of $114.84. The firm has a market capitalization of $34.82 billion, a PE ratio of 54.56, a P/E/G ratio of 1.46 and a beta of 1.00. Estée Lauder Companies has a 52-week low of $82.39 and a 52-week high of $159.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the company posted $0.07 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. Analysts forecast that Estée Lauder Companies will post 2.97 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 2.72%. Estée Lauder Companies’s payout ratio is currently 148.31%.

Insider Activity

In other news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the transaction, the director now directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Riverview Trust Co bought a new position in Estée Lauder Companies in the 1st quarter valued at $26,000. Hexagon Capital Partners LLC grew its holdings in shares of Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares during the last quarter. Rothschild Investment LLC purchased a new position in Estée Lauder Companies in the 2nd quarter worth about $30,000. PARK CIRCLE Co purchased a new position in Estée Lauder Companies in the 2nd quarter worth about $32,000. Finally, Kimelman & Baird LLC bought a new stake in Estée Lauder Companies during the 2nd quarter valued at about $32,000. 55.15% of the stock is owned by institutional investors.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.